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Petrobras recently started drilling two new wells in the region, in the North of Brava and Aram blocks, which are located in the Campos and Santos basins, respectively. In Aram, the adjacent pioneer exploratory well 4-BRSA-1395-SPS is in a water depth of 1,757 meters, with drilling being carried out by the Valaris DS-4 rig. The... Continue Reading →
The California State Lands Commission and the ports of Long Beach and Humboldt have joined forces to advance floating offshore wind development off the California coast. Through this collaboration, they aim to develop critical port infrastructure for wind turbine assembly, with installations planned 20-30 miles offshore Humboldt County and Morro Bay. “This important agreement parlays... Continue Reading →
Jesper Skjong, Contributor (OE) After what we would argue has been an incredibly eventful 2024 with massive deals, tremendous dayrate developments, further charterer backlog build, and the first series of newbuild orders in years, now comes the time when we turn our gaze towards 2025. What are some of the main trends we expect for next... Continue Reading →
(Reuters) - Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday. "We have received an offer for an offtake contract for our Bandibuli project," an Equinor spokesperson told Reuters. The company will now... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it has signed, on this date, an agreement with PETRORECONCAVO S.A. (“PetroReconcavo”) (“Agreement”), with the objective of defining the contractual principles for a partnership involving the sale of 50% of the... Continue Reading →
(offshore-energy.biz) Ventura Offshore Midco, a subsidiary of the Brazilian deepwater offshore drilling contractor Ventura Offshore, has secured a long-term drillship contract with Petrobras, a compatriot state-owned energy giant, for operations at two oil field developments off the coast of Brazil. Just like Seadrill, which won a drilling deal for 1,095 days plus extension options after a competitive tender,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 6.250% Global Notes due 2026 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be December 23, 2024 (the “Redemption Date”).... Continue Reading →
(Reuters) BG International, a unit of oil major Shell operating in Suriname, plans to submit a plan to the South American country's environmental agency for drilling up to four exploration wells at offshore Block 65, according to a company document seen on Tuesday. Suriname is progressing toward its first oil and gas production offshore. A... Continue Reading →
(OE) Petrobras has signed a 175-day addendum to Fugro’s current inspection, repair and maintenance services contract, performed by the Fugro Aquarius, to include fully remote subsea inspection surveys of shallow-water infrastructure in Brazil. Work will begin in January 2025, leveraging Fugro’s advanced Blue Essence uncrewed surface vessel (USV) and Blue Volta electric remotely operated vehicle... Continue Reading →
(offshoreWIND.biz) The Danish Energy Agency (DEA) has issued a construction permit for the 240 MW Jammerland Bugt offshore wind farm, which is planned to be built near Kalundborg, Denmark. The project involves the installation of 16 wind turbines on monopiles and covers an area of 31.1 square kilometres south of Kalundborg, east of the Great Belt,... Continue Reading →
Brazil Energy Insight 